Kofax Transformation

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Kofax Transformation

• David Wright, Sales Engineer
• Emerging Markets

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Kofax Capture - The Operating System of Capture

• Extract
• Key from image
• OCR
• ICR
• OMR

• Deliver
• ECM
• Workflow
• ERP
• CRM

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Kofax Virtual Rescan (VRS)
Original
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(No Transcript)
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Kofax Capture - The Operating System of Capture

• Extract
• Key from image
• OCR
• ICR
• OMR

• Deliver
• ECM
• Workflow
• ERP
• CRM

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Kofax Transformation is Intelligence

• Cognitive Capabilities
• Concept Formation
• Generalization
• Remember
• Identify
• Comprehending Intelligence

• Technical Equivalence
• Classification
• Clustering
• Associative Matching
• Extraction
• Automated processes

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Document Types

• Structured
• We know where everything is on page
• Forms
• Semi-structured
• We know what is on page, but not where
• Invoices
• Unstructured
• We dont know what is on page
• Email, letters

Fax
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Kofax Transformation Customers
490 customers 264 million documents per year 67
growth 2006-2008

• 3 customer types
• Small lt30,000 to 100,000 docs/year
• Medium 300,000 docs/year
• Enterprise gt1,000,000 docs/year
• Our solutions
• Document classification
• Workflow automation
• Mailroom automation
• Forms processing
• Fax processing
• Invoice, orders, accounts payable

Most complete Scalable Transformation Product on
the market
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Invoice Capture Process
Documentpreparation
Scan with VRS
Validation

• Export Release
• DMS, ERP,Workflow

Transformation
Online Learning
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Extract Data
? Invoice number and date ? Master data of
supplier ? Name and complete addressof buyer
? VAT number of supplier andbuyer (the latter
depending oncountry and gross amount)
? Delivery date of goods/services ? PO number
? Line items description of goods, quantity, VAT
rate, unit and total price ? Currency, subtotal,
VAT rate, VAT amount, total ? Bank details,
terms of payment
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Intelligent solution

• 70 invoice header data extraction out-of-the-box
• Invoices knowledge base (pre-trained)
• Uses an template / template-free approach,using
  rules powerful enough to work across all
  invoices
• Learn by example extraction technology
• Improve real-time extraction
• Table line item extraction for 3 way matching
• Full international support
• 140 recognition languages
• Unicode for European, Cyrillic and Asian countries

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Additional Benefits for the Customer

• Reduced AP labor (time saving)
• Significant cost reduction
• Higher supplier satisfaction due to quicker
  processing of the invoices
• Higher employee satisfaction

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Business Challenges

• Do you recognize these business pains?
• No automated matching of invoice because of
• Data errors
• Business Logic errors
• Invoice conformity issues
• Extraction related issues
• Accounts personnel has to manually fix the
  problem
• place outbound calls to supplier, purchasing
  department, internalbuyer,. (EUR 7 per call)

Phase 5 Improve Data Quality
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Calculating Savings
Reduction of errors dispute costs with each
phase
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Reasons for Automation - Kofax Solution
Customer needs
Benefits provided by Invoice Processing Solution
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Kofax Enterprise Mailroom Solution

• What is it?
• Who is it from?
• What information is in it?
• Who do I send it to?

• Germany
• 30 million pages per year
• mail fax email
• 91 document types
• 24 Transformation Servers
• 400 validation stations
• Results
• Credit application approval in 10 minutes, other
  docs in 24h.
• 100 increase in productivity
• ROI in 3 months.
• Improved Customer Service
• Scalable business can grow
• 2008 300 new document types